Decentralized lightning network

1.

Ethereum energy coin is not MLM

Ethereum is an open source public blockchain platform with smart contract function. Ethereum provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum

in 2013, vitalik buterin, 19, first mentioned the idea of Ethereum in a book entitled "Ethereum white paper: next generation intelligent connection and decentralized application platform". Then, in 2014, the algorithm and protocol of Ethernet coin were officially implemented, and $150 million was raised. The system itself was finally completed on July 30, 2015

as the representative of blockchain 2.0, the mainstream currency Ethernet is regarded as the wind vane of crypto digital currency market. However, over the past week, the price of ether currency has continued to fall. On August 14, 2018, the ethereal currency plummeted by 20%, reaching a record low of $257 this year. Compared with this year's peak of $1295, the price of Ethernet currency has shrunk by more than 80%. Affected by this, on August 15, 2018, none of the top ten mainstream currencies in the digital money market was spared, falling across the board, with a number of single day declines exceeding 10%

extended data

Ethereum started planning almost in 2013, and started to implement the project in 2015. Before that, there were many digital currencies imitating bitcoin in the market, and they made various modifications on the basis of bitcoin code. In this way, it is very difficult to develop a new blockchain application, to re deploy a new chain, and then to develop an application on this chain. Using a consensus mechanism of pow alone is a huge maintenance workload. It's like developing an app on a mobile phone and developing the Android system together

after Ethereum comes out, it is equivalent to the underlying operating system of the blockchain. On Ethereum, it is very convenient to develop various dapps without considering the underlying development, and it can also share the computing power and storage of Ethereum. For programmers, the threshold of blockchain development is lowered instantly. The emergence of Ethereum has played a very important role in the development and popularization of blockchain applications. That's why Ethereum is called blockchain 2.0

2.

To be honest, I had the same problem with the subject at the beginning. When I saw the news, I was a little confused and went to search. As a result, when I searched for lightning bitcoin or lightning bitcoin, either lightning network or bitcoin came out... This name is quite poisonous

Let's get down to business. Let's draw a conclusion first. It's not a thing at all

many people have talked about what lightning network is. You can look at other people's answers to get a deeper understanding of its mechanism, or you can go to the official website with better English to see their papers directly http://lightning.network/ . Lightning bitcoin official website in Chinese, save the trouble of translation https://lbtc.io/ . The origins of the two lightning bolts are very similar. They both hope to solve the problem of bitcoin network congestion. One is to carry the protocol, and the other is to change the fork to consensus. The results of the two lightning bolts are also good. The transaction speed is greatly improved, which can be regarded as real-time. The following table directly shows the similarities and differences between the two:

as can be seen from the above, the differences between the two are relatively large, and should not be confused any more~

3.

Lightning network is known as one of the most effective cryptocurrency expansion solutions currently being developed. The scheme was proposed in 2015, based on a network at the top of bitcoin blockchain, and finally implemented on the network. The network consists of user generated channels that send payments back and forth in a secure and untrusted manner

For example, suppose I want to pay for every minute I watch. We're going to open up a lightning channel, and as time goes on, we're going to make regular payments from my wallet to the video makers. When I finish, we will close the channel to settle the net balance on the bitcoin blockchain. Because transactions are only between me and the other party and do not need to be broadcast to the whole network, they are almost instantaneous. And because there is no incentive for miners, the transaction cost is low, or even no transaction cost at all

4.

It has been ten years since bitcoin was born. Ten years ago, if someone had told his founder, Tsui Nakamoto, that this new decentralized currency would flourish in 2019, he might have thought his experiment was a success. Bitcoin is indeed likely to become a world currency. Even if it is not as magical as Nakamoto said, even today, 10 years later, there are still people criticizing the ideas in its white paper

Although bitcoin has become a widely used investment and speculative asset, e to its own design and huge demand, bitcoin is far away from its goal of completely decentralized free currency. But if the new solution does solve some of the existing problems, then its status quo will certainly be greatly improved< as long as the transaction cost of bitcoin blockchain is not higher than lightning network, users will not transfer assets to other public chains. If bitcoin blockchain can continue to expand the transaction processing capacity through other solutions besides lightning network in the future, it may eventually develop into the world currency originally conceived by Nakamoto

5.

In February 2015, bitcoin developers Joseph PON and Thaddeus dryja proposed the concept of scalable off chain payment -- Lightning network in their paper the bitcoin lightning network: scalable off chain instant payments. We know that a very important reason why the bitcoin network is reliable is that all the bitcoin nodes keep the bitcoin account books. If someone wants to tamper with the transaction records, they need more than half of the computing power of the whole network. Without the trust machine of blockchain network, how can we ensure that both sides of the transaction will not go back and deny? How is lightning network realized

in short, the lightning network is based on the expansion of bitcoin. Due to the limitation of bitcoin block, a new channel is required. The process of small amount delivery can be realized through the channel of lightning network without bitcoin miner accounting, which can speed up the speed and rece the handling charge. But how can such lightning network prevent the centralization problem? More details this video is very detailed: six minutes to understand the lightning network

but how long can the lightning network land

6.

When driving on high speed, we all know that it is very convenient to install an etc, because it can pass through the toll intersection quickly without parking. This also saves a lot of time for the majority of car owners, because sometimes if we stop and then go to pay, it may delay some valuable time{ RRRRR}

in fact, sometimes I think this kind of equipment is very convenient, but the conditions in various aspects may not be very mature now, so sometimes it will lead to a wrong dection. In life, our car owners may feel very troublesome. We should protect our own interests. Even if your money is dected, you should respond in time. Or upgrade the system

7. After checking, the rate of return is not big. It is not the same as many existing pyramid schemes and capital schemes. The reward system is also different. It can be found in the public chain, non trumpets and many coin circle media. The project is reliable as a whole. The first 100 fold coin in 2020 is a bit boastful. Look at the market. It's OK to fry a little bit of spare money. It's really not recommended to fry a little bit of spare money if the loan is cashed out.

8. Super game alliance SGU is a new decentralized game ecological public chain, which is mainly based on the development of game infrastructure and the use of blockchain technology
the biggest technical highlight of super game alliance SGU is to further create "Raytheon network" according to the "lightning network" solution proposed by bitcoin development team; Under the premise of decentralization and security, SGU game resource integration market service platform can achieve an efficient processing speed and rich scalability
super game alliance SGU ecological landing application highlights: the new SGU mall DAPP will realize game assets exchange, game props selling, player data sharing, node equity replacement, etc., and the decentralized wallet will realize digital asset management, ecological application entrance, equity management, and comprehensive service platform, so as to better integrate games into life, Make playing games as easy as playing games
as for the technical team, it is said that it is an instry leader dedicated to the blockchain game field, which has not been disclosed yet. I believe the technical team will not be poor. After all, the strength is there. The blockchain technology docking game is indeed a good innovation point, and the appreciation space is quite large, so we can start with it appropriately.

9. Not long ago, I came to the Internet to look for answers, but I didn't ask like you. After a few days of repeated understanding, I now have a deeper understanding of this SGU. How to say, the concept is novel. If the later landing application can be realized as mentioned in the white paper, the value space is very large. I have already started. If you still have doubts, you can hoard 2.3 thousand, which will not cost much